Standard Deduction vs. Itemized Deductions
You have the choice to take a “Standard Deduction” (a flat dollar amount) or to “Itemize” (list actual expenses). You should choose whichever method lowers your tax the most. Standard Deduction Amounts (2025) Most taxpayers take the standard deduction because it is easier and often worth more than their itemized expenses. When Should You Itemize? […]
